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Dec 31, 2012
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but strong data out of china on manufacturing. we have a 5% gain year to date in copper. copper higher but logging losses for the year. platinum losing more than 10%. simon, back to you. >> thank you, jackie. behind the headlines we are doing very well at nasdaq. out performance there own likes of apple seema mody, up 3.5%. >> absolutely. apple shares definitely helping nasdaq given the fluidity of the situation in washington, simon, hard to predict where the markets will end on the day. right now seeing session highs of 1.2%. as you mentioned, apple shares providing a nice lift to the nasdaq. recent note from topeka capital, an insatiable appetite in hong kong and china for the ipad mini. some of the bullish commentary notes. facebook shares also up 2.6%. upgrading the stock from sell to buy, writing that facebook has ad spending from large brands. interestingly enough, look the at as in dab 100 just for q4, facebook made that list. other stocks on the list include yahoo! virgin media and green mountain coffee. sue, back over to you. >> thank you, seema. >>> we are waiti
but strong data out of china on manufacturing. we have a 5% gain year to date in copper. copper higher but logging losses for the year. platinum losing more than 10%. simon, back to you. >> thank you, jackie. behind the headlines we are doing very well at nasdaq. out performance there own likes of apple seema mody, up 3.5%. >> absolutely. apple shares definitely helping nasdaq given the fluidity of the situation in washington, simon, hard to predict where the markets will end on the...
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Dec 31, 2012
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the problem is in china, in mexico, in other countries where they don't have standards. that is the crown jewel of all regulations. it is the most expensive one. and it is one that is based on the assumption that the catastrophic global warming is taking place, and it is due to man made gases. the people of this country know better. >> you know, senator, to be able to do that, it would be an outrage to most of us who understand the legislative process and we even have the ept representatives. we would just be ignoring the constitutional responsibility to get authorization. how can he do this? >> that's right. first of all, it is kind of technical, but they tried to do it through legislation for 10, 11 years. that's cap and trade we are talking about. now in order to do it through regulation you have to have what is called an endangerment finding. we had our committee and i said i have a feeling you will have an endangerment finding so you can regulate something you have tried to do through legislation. i saw her smile. frankly i like her. she gives honest answers, at lea
the problem is in china, in mexico, in other countries where they don't have standards. that is the crown jewel of all regulations. it is the most expensive one. and it is one that is based on the assumption that the catastrophic global warming is taking place, and it is due to man made gases. the people of this country know better. >> you know, senator, to be able to do that, it would be an outrage to most of us who understand the legislative process and we even have the ept...
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Dec 31, 2012
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ge can diversify by opening a plant in china. it is easy to get productivity by going overseas. small business if you talk to anybody we don't know what will happen. we do know the president wants to raise our taxes. here is where the debate is absurd. the president says let's make it $250,000. it is fairness. people at the upper end, we need to be fair. he forgets those people, there are so many small businesses that file as individuals. a small business making $250,000 a year employ 10 people at least. if you raise their taxes, they are going to layoff one of those. that could be -- you could see that stream throughout the economy. >> jim rogers who is a economic commentator has said it is inevitable we will have another recession. is he right? >> you know, i worry about people who talk about inevitability. i don't know. say we stay where we are right now, this is like a permanent recession. positive gdp growth, but let's talk about real world factors here. unemployment or lack of employment. the unemployment rate went down to 7.7% from 7.9% because the labor force is shrinkin
ge can diversify by opening a plant in china. it is easy to get productivity by going overseas. small business if you talk to anybody we don't know what will happen. we do know the president wants to raise our taxes. here is where the debate is absurd. the president says let's make it $250,000. it is fairness. people at the upper end, we need to be fair. he forgets those people, there are so many small businesses that file as individuals. a small business making $250,000 a year employ 10 people...
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Dec 31, 2012
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fascinating to see china hit a few weeks post leadership changes, first time this year the markets had more than 10% rally there. and the signs of europe's issues being if not resolved, certainly more minimized in terms of stress. so i think we're going tothz a lot clearer signs of powerful rallies coming from the rest of the world in 2013 which will make it somewhat different than 2012 and to some extent the previous two years, as well. >> joe is down in washington wauchg all of this first hand and i know he has a question for you, as well, jim. >> feeling all the different things coming in. >> that must be a real challenge for you being down in d.c. how did you get that straw? >> yeah, it is. i can take it for about 24 hours. i am feeling a lot of what's happening. and in the last 2 1/2 years or so, the poisoned atmosphere down here just to try and do anything is becoming really apparent. we put the sequester because it was so hard to try and do anything last time to force us, now we're not really inclined to do it again. my question, even if we do get a deal, a lot of the extra tax
fascinating to see china hit a few weeks post leadership changes, first time this year the markets had more than 10% rally there. and the signs of europe's issues being if not resolved, certainly more minimized in terms of stress. so i think we're going tothz a lot clearer signs of powerful rallies coming from the rest of the world in 2013 which will make it somewhat different than 2012 and to some extent the previous two years, as well. >> joe is down in washington wauchg all of this...